The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-03-16
THE TENNESSEE BONDS
HELD BY THE PEABODY FUND
WILL NOT BE EXCHANGED
For Certificates OF Indebtedness
The Legislature Refuses to Pass
BIZ for That Purpose.
THE BILL TO PREVENT THE
BREAKING OF A QUORUM,
After Much Wrangling in the House,
Defeated By No Quorum
Voting.
lsPEeIAL TO TIE APPEAL.l

ESPECIAL TO THE APPEAL.l
NASHVILLE, TENN, Marc1 15.-Senate
The Clerk read a communication
from the Hon. John M. Lea in refer.
ence to teaching the history of Ten.
nessee in the public schools. Toe
communication closes by urging the
passage of such measure as will re-
suit in having text books of the his.
tory of Tennessee prepared for use in
the public schools OF the State.
NEW BILLS.
AppIopriating money for the West
ern Hospital for the Insane.
To fix the time for holding the
ChanceTy Court in Jsckson county.
To amend the charter OF the Gala
tin, Murfreesboro and Birmingham
railroad.
Specifying the amount OF the State
= Treasurer's bond and defining the du.
ties Of that officer.
To defne the offense OF shooting at
railroad cars.
To establish a permanent peniten-
tiary and supply farm.
To authorze the D3sf and Dumb
School to grant the right of way for
railroad.
The following bills were called up
under third reading:
To exempt certain religious sects
from the penalty of the Sunday law.
Amended so as to provide that incor-
porated towns may regulate aud pre-
vent the keeping open of business
houses by ordinance.
Mr.. Ledbsiter urged the passage of
The bill in thirty minute speech.
Mr.. Mcdowell said the passage of
the bill wou d throw open every ga
loon in every town and city in the
State.
The bill failed.
A motion to reconsider was entered,
and Mr.. Fairbanks moved to take up
the bill. Carried, and a motion to re-
consider the action of the Senate in
reJ ecting the bill failed.
Mr.. Leech called up the bill to re-
peal the chatter of Waverly, and said
be was opposed to the abolishment of
the charter.
The bill was rel scted.
Mr.. Lewis called up the bill to pro-
hibit the sale of cider on election day.
The bill was rejected.
Mr.. Long called up the Peabody
bond bill. The object of the bill is to
fund the State bonds held by the Pea
body Educational Board into cert f.
oates of Indebtedness.
The bill provides thai the bonds
ishall be due and payable in thirty
years from January, 1888, but the
State may redeem the same at any
limo.
Mr.. Polk said there were 2l3 OF these
bonds and they were known as rail-
road bonds, and as such would come
within the provisions of the debt SIT.
I Element act, which providessthat such
bonds shall be funded at 30 8, but the
platform OF the Safe Democratic Con-
ivention declared that all bonds held
by educational, literary and charitable
institutions in January, 1882, should
be funded on the same basis
as State debt proper bonds. He said
lTennessee had received over $360,000
,Ifrom this fund. The State received
last year $3l, 800 from this fund. The
4 democratic platform which embraced
1.-THE resolution providing that these
'lbonds shou' d be funded as State debt
'Iproper bonds led the State OF Ten
,Inessee out from under Republican
Irule. He hoped the bill would pass.
4 Mr.. Norment moved to amend by
|making the first payment of interest
Adus in 1889. Adopted; and also to
reduce the amount Of interest from
TO per cent.
Mr.. Nancy opposed the reduction
Iof the rate of interest, but favored the
3po3tponement OF it's payment to 1887,
for the reason that the necessities OF
the State seemed to demand it.
Mr.. Thompson said the whole bill was
b fraud, black, infamous fraud. Gov.
bate had told him not month ago, in
the Maxwell House, that this thing
was an attempt to put up Job on the
people Of Tennessee. The high tax
Imam who voted to pass this bill was a
fraud. Adjourned till 2:30 O'Clock p.
No., pending discussion.
AFTERNOON SESSION.
On motion of Mr.. Norment the as.
Bessment bill was put on its second
reading and referred.
Mr.. Long called up the House reso-
luton providing for the sale by the
Comptroller OF certain tracts of vacant
public lands. Amended by inserting
thirty days" for Fifteen days" sdver-
tising.
Mr.. Tolley moved to add Treasurer
10 Comptroller. Adopted.
The resolution was concurred in.
UNFINISHED BUSINESS.
The amendment of Mr.. Norment to
the Peabody bill to strike out per
cent. and insert per cent.
Mr.. Fairbanks called for the previ.
bus question on the amendment, and
he amendment was adopted,
Mr.. Brown moved the main ques-
ion on the passage Of the bill. Adopted.
The bill failed.
Mr.. Thompson moved to reconsider |
he action just taken. Tabled.
By Mr.. Lyle: Regulating elections |
n the county courts. Passed.
By Mr.. Lynn: To amend the act |
elative to the consolidation of rail
oad companies, 30 as to apply to
llreet railroads.
Pending discussion, the Senate ad- |
burned till $3.50 o'clock tomorrow.